70 Lakh HDFC Home Loan

HDFC Bank is one of the pioneers in the Indian banking landscape. Established in 1994, over the years, HDFC Bank has proven itself to its customers on every front. It offers a wide spectrum of financial services, ranging from personal loans to home loan services. All these services have been exclusively designed for HDFC Bank customers.

The HDFC Bank 70 lakh home loan is a fairly good amount to buy a home. Today, we will discuss everything important you need to know about HDFC Bank's 70 lakh home loan whether it be the fees, documents required, or eligibility criteria. The best part about taking an HDFC 70 lakh home loan is that one can easily repay it via EMIs. Let’s discuss.

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Table of Content

1. 70 Lakh Home Loan HDFC Bank Highlights

2. 70 Lakh HDFC Bank Home Loan EMI for 10 years

3. 70 Lakh HDFC Bank Home Loan EMI for 20 years

4. 70 Lakh HDFC Bank Home Loan Fees and Charges

5. Documents Required for 70 Lakh HDFC Home Loan

6. 70 Lakh Home Loan Eligibility for HDFC Bank

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

70 Lakh Home Loan HDFC Bank – Highlights

Here is a quick snapshot of the basic highlights for the 70 lakh HDFC Bank home loan.

Maximum Loan Amount	70 lakh
Interest Rate (p.a.)	8.75% – 9.40%
Loan Tenure	Up to 30 Years
Loan-to-Value Ratio (LTV)	Up to 80% of the property’s value

70 Lakh HDFC Bank Home Loan EMI for 10 years

Here is a quick snapshot of what kind of EMI you will need to pay for an HDFC Home Loan for 10 years.

Loan Amount	70 lakh
Rate of Interest (p.a.)	8.75 %
Loan Tenure	10 Years
EMI	INR 88,377

70 Lakh HDFC Bank Home Loan EMI for 20 years

Here is a quick overview of the 70 lakh home loan EMI for a 20-year time period.

Loan Amount	70 lakh
Rate of Interest (p.a.)	8.75 %
Loan Tenure	20 Years
EMI	INR 62,335

70 Lakh HDFC Bank Home Loan Fees and Charges

Following are the fees and charges for the 70 lakh HDFC Home Loan. These are:

Processing Fee: Depending on the scheme, a borrower will need to pay up to 2% of the loan amount plus GST
GST: A standard 18% will be applicable
Other Charges: Stamp duty charged, incidental costs, third-party fees, etc.

Documents Required for 70 Lakh HDFC Home Loan

The following documents are required for a 70 lakh home loan.

Your loan application, along with your PAN Card
Documents like Aadhar card, voter’s ID, and bills (electricity and water supply bills)
Last 3 months’ salary slips, 2 years’ income tax returns and also 2 years’ balance sheet and P&L account
Title deed, sales agreement, and allotment letter will be required

70 Lakh Home Loan Eligibility for HDFC Bank

The following is the HDFC Bank home loan eligibility criteria:

The borrower must be between 21 and 65 years of age
The borrower must be earning at least 10,000 per month as salary
For businesses, a minimum income of 2 lakh is required
Both Indian residents and NRIs can apply for home loan as per bank’s respective policies

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Frequently Asked Question (FAQs)

What is the EMI amount one needs to pay for a 70 Lakh Home Loan for 20 year period in HDFC Bank?

The EMI for a 70 lakh home loan for 20 years in HDFC Bank at an interest rate of 8.75% will be 61,860.

Who is eligible for a 70 lakh home loan in HDFC Bank?

Anyone who is between 21 and 65 years of age and has a minimum of 10,000 monthly income can apply for an HDFC Bank home loan. For businesses, the minimum income criteria is 2 lakh.

What is the monthly interest rate on a 70 lakh home loan in HDFC Bank?

The interest rates for HDFC Bank home loans range between 8.50%-9.40%.